Illinois · House Bill 5372 · 103rd General Assembly

CREDIT UNIONS-EXAMINATION FEES

HB 5372 Sponsored by Jay Hoffman Died in committee

  1. Introduced Feb 9, 2024
  2. In committee Feb 9, 2024
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Credit Union Act. Provides that a credit union regulated by the Department of Financial and Professional Regulation that is a covered financial institution under the Illinois Community Reinvestment Act shall pay an examination fee to the Department subject to the rules adopted by the Department. Provides that the aggregate of all credit union examination fees collected by the Department under the…

Read the full title (217 words)

Amends the Illinois Credit Union Act. Provides that a credit union regulated by the Department of Financial and Professional Regulation that is a covered financial institution under the Illinois Community Reinvestment Act shall pay an examination fee to the Department subject to the rules adopted by the Department. Provides that the aggregate of all credit union examination fees collected by the Department under the Illinois Community Reinvestment Act shall be paid and transferred promptly, accompanied by a detailed statement, into the State Treasury and shall be set apart in the Credit Union Community Reinvestment Act Fund. Provides the limits to the amounts of funds that a credit union may invest in the purchase of an investment interest in a pool of loans when the investment is greater than the net worth of the credit union. Provides that credit unions may invest funds in derivatives transactions to aid in the credit union's management of interest rate risk if certain specified conditions are satisfied. Makes changes to provisions concerning conflicts between bylaws adopted by the subscribers of a credit union and the Act. Makes changes to provisions concerning rules adopted by the Secretary of Financial and Professional Regulation and the Act. Makes other changes. Amends the State Finance Act. Creates the Credit Union Community Reinvestment Act Fund. Effective immediately.

Every action

21 steps, oldest first, as the legislature records them.

Show the 13 earlier steps
  1. HouseFiled with the Clerk by Rep. Jay Hoffman
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  5. CommitteeDo Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000 · House Financial Institutions & Licensing
  6. HousePlaced on Calendar 2nd Reading - Short Debate
  7. HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
  8. CommitteeHouse Floor Amendment No. 1 Referred to Rules Committee · House Rules
  9. HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
  10. CommitteeHouse Floor Amendment No. 2 Referred to Rules Committee · House Rules
  11. CommitteeHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  12. CommitteeHouse Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  13. CommitteeHouse Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 012-000-000 · House Financial Institutions & Licensing
  1. HouseHouse Floor Amendment No. 1 Motion Filed to Table Rep. Jay Hoffman
  2. HouseSecond Reading - Short Debate
  3. HouseHeld on Calendar Order of Second Reading - Short Debate
  4. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  5. CommitteeHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee · House Rules
  6. CommitteeHouse Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee · House Rules
  7. CommitteeHouse Floor Amendment No. 1 Rule 19(c) / Motion Re-referred to Rules Committee · House Rules
  8. HouseSession Sine Die

Roll calls

2 recorded votes: 0 on the floor, 2 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
Mar 20, 2024 House Financial Institutions & Licensing Financial Institutions & Licensing - Do Pass
Members

Yes · 11

Not voting · 1

 Passed 11–0
Apr 2, 2024 House Financial Institutions & Licensing House Floor Amendment No. 2 - Financial Institutions & Licensing - Recommends Be Adopted
Members

Yes · 11

Not voting · 1

 Passed 11–0

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.